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Potential Buy Entry Alert to Watch AD8
Time Frame : Daily/Weekly
Sector : Technology Hardware/Technology
Key Stats : $531.28 Million Market Cap, VWAP 8.08, ASX Ranking 364, 4 Week Av Turnover $1,048,219, Current Turnover (Intraday as at time of alert) $1,864,155.
Company Overview : Audinate Group limited (AD8) is the provider of digital Audio-Visual networking technologies. Dante is Audinate’s technology platform that distributes digital audio signals over computer networks. Audinate’s solutions are utilised across thousands of installations within the professional AV market, which includes the Sound Reinforcement, Broadcast, and Recording segments.
Broker Consensus : BUY
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AD8 – Audinate Group Limited
AD8 is on the move up as price pushes through the 8.00 mark off higher lows. It is now time to focus for the buy entry setup to take advantage of a push through highs around 8.60/8.70. We ideally would like to see price consolidate the zone around 8.00 and build a higher low for the entry setup.
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Stock Code : AD8 – Audinate Group Limited
Company Website : www.audinate.com
Current Price : 8.07
Status : On watch for potential higher low and push up through 8.70
